The World: New York - Dennis puts US mags portfolio up for sale

Dennis Publishing is reported to be looking for a buyer to take control of its portfolio of titles in the US.

The investment bank Allen & Co is understood to be handling the effort to sell the business, which owns titles including Maxim (the biggest-selling "lads' mag" in the US, with a newsstand circulation of 2.5 million), Stuff and Blender.

Dennis Publishing, which was founded by Felix Dennis (pictured) in 1973, is not expected to sell its weekly news magazine, The Week, which the company expects will turn a profit before the end of the year.